Title: NBA places $2 million investment with Church Extension
Date: October 2, 1997
Disciples News Service
Christian Church (Disciples of Christ)
Contact: news@cm.disciples.org
97b-53
INDIANAPOLIS (DNS) -- Paul reminded the Christians in Corinth that even though the body had many parts, nevertheless all the parts made up one body.
This sense of oneness was demonstrated within the structure of the Christian Church (Disciples of Christ) recently when one general unit made a major financial investment with another general unit.
A one-year $2 million investment has been placed by the National Benevolent Association, St. Louis, with the Board of Church Extension. The support will help bolster funds BCE uses to provide building loans to congregations.
"This commitment by our sister unit, NBA, is an excellent example of the partnership we have as general units of the Christian Church (Disciples of Christ)," said the Rev. James L. Powell, Church Extension president.
"This support also demonstrates the excellent opportunity that all Disciples have when they invest some of their funds with BCE. In doing so, they not only will receive a good return on their dollar but also support hundreds of our congregations in revitalization and growth," he added.
"As a church, and as individual Christians, we are only limited by our imagination and the Holy Spirit, and that's no limitation at all," said the Rev. Cindy Dougherty, president of NBA. "The NBA's resources are God's resources, working with Board of Church Extension to further the Kingdom of God."
Over the past year, Board of Church Extension has made loans totaling nearly $23 million for 130 projects in the United States and Puerto Rico. These loans have helped support building projects costing in excess of $37 million.
A number of Church Extension investment opportunities that will help make more church building loans possible are available to Disciples members and congregations. A variety of maturity options are available at an annual interest rate up to 6.5 percent.
More specific information is available from the BCE investments officer at 1-800-274-1883 or at invest@bce.disciples.org by e-mail.
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